AGP Executive Report
Last update: 9 minutes agoMarkets & Rates: The ASX is set for a firmer open after Wall Street steadied, but the big drumbeat is still inflation and oil. RBA assistant governor Sarah Hunter warned higher energy costs could pass through fast and lift inflation expectations, raising the risk of recession. Budget Backlash (CGT): Small business and young founders are pushing back hard on federal capital gains tax changes, arguing the new cost-base indexation and minimum tax rate will make exits and reinvestment harder. RBA Watch: Hunter’s comments land as the RBA has already reversed some easing and keeps a close eye on expectations “baking” into prices and wages. Public Sector Reform (NZ): New Zealand’s government says it will cut agencies and nearly 9,000 public servants, with AI embedded across services. Lottery Scrutiny (Vic): Victoria’s 40-year lottery licence extension is headed for auditor review over whether the process optimised value. Energy Transition (SAF): Australia’s SAF push gets a boost as the Renewable Fuel Scheme expands to low-carbon liquid fuels, aiming to reduce airline cost concerns.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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